Oil Futures Slide As Dollar Gets Stronger
Oil fell the most since November with a stronger dollar and concerns surrounding inflation weighing on crude’s best start to the year on record. Futures in New York declined 3.2% Continue Reading
Crude slides on stronger dollar; market eyes OPEC+ supply boost
Crude oil futures finished the week sharply lower as a stronger dollar and expectations of rising global supply continued to pull prices off 13-month highs seen earlier this week. Not Continue Reading
Why Oil Bulls Aren’t Backing Down
While there is still plenty of potential new oil supply on the market, particularly from OPEC+, analysts remain very bullish and banks are beginning to talk about $100 oil. In Continue Reading
Reuters Poll: Bankers See Steady Rise In Oil Prices
Brent crude will average $59.07 per barrel this year, according to a Reuters survey of analysts. This is up from last month’s consensus on an average of $54.47 a barrel, Continue Reading
ICE says existing Dated Brent price assessments to remain valid to June 2022
The Intercontinental Exchange said Feb. 26 that crude futures and swaps contracts listed up to June 2022 and referencing the S&P Global Platts Dated Brent assessment in its current form Continue Reading
Russia says U.S. gave little warning before Syria strike
Russia was given about four to five minutes warning of the Biden administration’s first military action when it struck Iranian-backed militias in eastern Syria early Friday, according to Russian Foreign Continue Reading
United Nations: Countries’ pledges to cut emissions are far too meager to halt climate change
Pledges made by so far by countries around the globe to cut greenhouse gas emissions fall strikingly short of the profound changes necessary to avoid the most catastrophic impacts of Continue Reading
Syria condemns ‘cowardly’ U.S. air strikes on Iran-backed militias
Syria said U.S. airstrikes against Iranian-backed militias in the east of the country on Friday were a cowardly act and urged President Joe Biden not to follow “the law of Continue Reading
OPEC+ Compliance With Oil Production Cuts Jumps To 103%
The OPEC+ group of producers complied at 103 percent with the oil output cuts in January, higher than the estimated compliance in December, Argus reports , citing three delegates from Continue Reading
Dangers of Big Oil Spending Cuts Are Visible in Angola’s Slump
The decline of Angola, from being Africa’s top crude producer five years ago to barely pumping more than war-torn Libya today, shows the heavy toll of a slump in oil-industry Continue Reading